I would suggest that the highest spec “last Defender” 

 at around $56k vs the new base spec at $69k isn’t too bad.
You take 9 years into account and the fact the base model has more gear than any in the previous model and you’re getting your $13k worth.
The fact so many options are available just improves the units appeal.
Take for example “Baytown” and his 110.  Once he optioned it up, added all the bits and pieces his would easily owe him $100k.  Nothing wrong with that at all.
With the new model it’s just easy to have almost all the value mods factory fitted, a better ride, better handling and less compromises when it’s doing its city cycle.
Remember Australia is really the only country which hasn’t gained economic ground since the GFC with wage stagnation and an overwhelming dependence on Housing sector, the rest, USA for example, has forged ahead.  A new Defender for them is priced about right to make inroads.
I also did some work on TCO, and the semi-hybrid adds a fuel saving to the equation that offsets some of the cost over time.  Compared to others (V8 LC and Patrol) a reasonable saving is to be had in fuel and in SA at least in registration and insurance.
My D4 has the highest sticker price of any LR I’ve owned, in the modification costs it’s been the cheapest I’ve owned and still done everything asked of it.
Leasing the new Defender “X” will only cost me $200 a fortnight more than the D4 did.
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